Purple Innovation (PRPL) Stock Forecast, Price Target & Predictions
PRPL Stock Forecast
Purple Innovation stock forecast is as follows: an average price target of $2.87 (represents a 173.33% upside from PRPL’s last price of $1.05) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.
PRPL Price Target
PRPL Analyst Ratings
Purple Innovation Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Sep 04, 2024 | Seth Basham | Wedbush | $1.10 | $1.11 | -0.90% | 4.76% |
Aug 06, 2024 | Jeremy Hamblin | Craig-Hallum | $1.50 | $1.19 | 26.06% | 42.86% |
Aug 06, 2024 | Seth Basham | Wedbush | $1.75 | $1.18 | 48.31% | 66.67% |
Mar 13, 2024 | Jeremy Hamblin | Craig-Hallum | $2.00 | $1.66 | 20.48% | 90.48% |
Mar 02, 2022 | Matt Koranda | Roth Capital | $6.00 | $6.65 | -9.77% | 471.43% |
Purple Innovation Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 1 | 3 | 4 |
Avg Price Target | $1.10 | $1.45 | $1.59 |
Last Closing Price | $1.05 | $1.05 | $1.05 |
Upside/Downside | 4.76% | 38.10% | 51.43% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Sep 04, 2024 | Wedbush | Outperform | Neutral | Downgrade |
Aug 23, 2024 | KeyBanc | Overweight | Overweight | Hold |
Aug 06, 2024 | Craig-Hallum | Hold | Hold | Hold |
Aug 06, 2024 | Wedbush | Outperform | Outperform | Hold |
Mar 13, 2024 | Wedbush | Outperform | Outperform | Hold |
Mar 13, 2024 | Craig-Hallum | Hold | Hold | Hold |
Mar 13, 2024 | Wedbush | Hold | Hold | Hold |
Mar 13, 2024 | Craig-Hallum | Underperform | Underperform | Hold |
Mar 21, 2023 | UBS | Neutral | Neutral | Hold |
Nov 10, 2022 | Craig-Hallum | - | Buy | Upgrade |
Purple Innovation Financial Forecast
Purple Innovation Revenue Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | $145.94M | $140.00M | $120.87M | $109.37M | $145.12M | $143.28M | - | $143.18M | $186.43M | $170.78M | $182.59M | $186.43M | $173.89M | $187.11M | $165.10M | $122.38M | $124.30M | $117.41M | $103.00M | $83.65M | $70.81M | $75.40M |
Avg Forecast | $142.29M | $135.78M | $127.28M | $124.47M | $132.03M | $126.63M | $126.45M | $122.14M | $145.57M | $158.53M | $130.36M | $104.80M | $143.48M | $139.14M | $155.79M | $129.26M | $178.88M | $198.33M | $181.67M | $175.40M | $196.22M | $175.37M | $175.88M | $106.97M | $119.02M | $105.29M | $94.90M | $71.20M | $2.83M | $64.97M |
High Forecast | $145.93M | $139.25M | $130.53M | $127.66M | $135.41M | $129.82M | $129.68M | $125.27M | $148.58M | $162.59M | $133.70M | $107.49M | $147.15M | $142.70M | $155.79M | $136.11M | $188.36M | $208.84M | $191.30M | $184.70M | $206.62M | $184.66M | $185.20M | $112.64M | $125.33M | $110.87M | $99.93M | $74.97M | $3.40M | $77.97M |
Low Forecast | $138.00M | $131.68M | $123.44M | $120.72M | $128.04M | $123.77M | $122.63M | $118.46M | $143.73M | $153.75M | $126.43M | $101.64M | $139.15M | $134.94M | $155.79M | $125.05M | $173.06M | $191.87M | $175.76M | $169.69M | $189.84M | $169.66M | $170.15M | $103.49M | $115.14M | $101.86M | $91.81M | $68.88M | $2.27M | $51.98M |
# Analysts | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 3 | 6 | 4 | 6 | 9 | 10 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 15 |
Surprise % | - | - | - | - | - | - | - | - | 1.00% | 0.88% | 0.93% | 1.04% | 1.01% | 1.03% | - | 1.11% | 1.04% | 0.86% | 1.01% | 1.06% | 0.89% | 1.07% | 0.94% | 1.14% | 1.04% | 1.12% | 1.09% | 1.17% | 25.00% | 1.16% |
Purple Innovation EBITDA Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 3 | 6 | 4 | 6 | 9 | 10 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 15 |
EBITDA | - | - | - | - | - | - | - | - | $-16.20M | $-19.46M | $-37.28M | $-15.03M | $155.56M | $5.99M | - | $-14.51M | $-19.90M | $2.50M | $3.98M | $27.59M | $-7.83M | $6.43M | $-33.95M | $11.72M | $-558.00K | $3.87M | $815.00K | $1.74M | $743.00K | $731.00K |
Avg Forecast | $5.29M | $5.05M | $4.73M | $4.63M | $4.91M | $4.71M | $4.70M | $4.54M | $5.41M | $5.89M | $4.84M | $3.89M | $5.33M | $5.98M | $5.79M | $-13.73M | $6.65M | $5.43M | $5.78M | $21.68M | $7.29M | $5.63M | $-78.79M | $7.65M | $4.42M | $20.89M | $1.03M | $3.09M | $105.25K | $609.17K |
High Forecast | $5.42M | $5.18M | $4.85M | $4.74M | $5.03M | $4.82M | $4.82M | $4.66M | $5.52M | $6.04M | $4.97M | $3.99M | $5.47M | $7.17M | $5.79M | $-10.99M | $7.00M | $6.52M | $6.93M | $26.02M | $7.68M | $6.75M | $-63.03M | $9.19M | $4.66M | $25.06M | $1.24M | $3.70M | $126.30K | $731.00K |
Low Forecast | $5.13M | $4.89M | $4.59M | $4.49M | $4.76M | $4.60M | $4.56M | $4.40M | $5.34M | $5.71M | $4.70M | $3.78M | $5.17M | $4.78M | $5.79M | $-16.48M | $6.43M | $4.35M | $4.62M | $17.34M | $7.05M | $4.50M | $-94.55M | $6.12M | $4.28M | $16.71M | $825.87K | $2.47M | $84.20K | $487.33K |
Surprise % | - | - | - | - | - | - | - | - | -2.99% | -3.30% | -7.69% | -3.86% | 29.17% | 1.00% | - | 1.06% | -2.99% | 0.46% | 0.69% | 1.27% | -1.07% | 1.14% | 0.43% | 1.53% | -0.13% | 0.19% | 0.79% | 0.56% | 7.06% | 1.20% |
Purple Innovation Net Income Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 3 | 6 | 4 | 6 | 9 | 10 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 15 |
Net Income | - | - | - | - | - | - | - | - | $-18.33M | $-36.00M | $-37.51M | $-23.41M | $-70.17M | $2.28M | - | $-13.63M | $-21.76M | $2.17M | $2.58M | $20.82M | $-2.13M | $-1.02M | $-1.98M | $8.84M | $-12.73M | $1.59M | $-1.34M | $-130.00K | $-789.00K | $-785.00K |
Avg Forecast | $-768.57K | $-5.99M | $-7.56M | $-10.40M | $-5.76M | $-10.95M | $-13.14M | $-17.34M | $-19.29M | $-2.64M | $-12.77M | $-13.69M | $-6.29M | $5.18M | $-7.18M | $-17.75M | $-28.94M | $4.71M | $3.75M | $16.36M | $12.12M | $-1.02M | $-4.60M | $5.77M | $4.65M | $8.61M | $-1.69M | $-231.11K | $-16.33M | $-654.17K |
High Forecast | $-738.43K | $-5.76M | $-7.26M | $-9.99M | $-5.53M | $-4.38M | $-12.63M | $-16.66M | $-16.24M | $-2.54M | $-12.26M | $-13.15M | $-6.04M | $6.22M | $-7.18M | $-14.20M | $-27.72M | $5.65M | $4.50M | $19.63M | $12.96M | $-818.30K | $-3.68M | $6.93M | $4.97M | $10.33M | $-1.36M | $-184.89K | $-13.07M | $-523.33K |
Low Forecast | $-794.14K | $-6.19M | $-7.81M | $-10.74M | $-5.95M | $-14.23M | $-13.58M | $-17.92M | $-22.33M | $-2.73M | $-13.19M | $-14.14M | $-6.50M | $4.15M | $-7.18M | $-21.29M | $-30.94M | $3.77M | $3.00M | $13.09M | $11.61M | $-1.23M | $-5.52M | $4.62M | $4.45M | $6.89M | $-2.03M | $-277.33K | $-19.60M | $-785.00K |
Surprise % | - | - | - | - | - | - | - | - | 0.95% | 13.63% | 2.94% | 1.71% | 11.15% | 0.44% | - | 0.77% | 0.75% | 0.46% | 0.69% | 1.27% | -0.18% | 1.00% | 0.43% | 1.53% | -2.74% | 0.19% | 0.79% | 0.56% | 0.05% | 1.20% |
Purple Innovation SG&A Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 3 | 6 | 4 | 6 | 9 | 10 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 15 |
SG&A | - | - | - | - | - | - | - | - | $61.76M | $70.34M | $72.82M | $61.84M | $58.92M | $56.17M | - | $67.85M | $94.31M | $65.88M | $82.31M | $68.89M | $73.29M | $62.29M | $48.10M | $44.23M | $55.61M | $40.80M | $43.90M | $28.58M | $30.99M | $35.94M |
Avg Forecast | $60.26M | $57.50M | $53.90M | $52.72M | $55.91M | $53.63M | $53.55M | $51.73M | $61.65M | $67.14M | $55.21M | $44.39M | $60.77M | $58.93M | $65.98M | $89.17M | $75.76M | $142.99M | $119.66M | $54.13M | $83.10M | $54.51M | $111.64M | $28.89M | $50.41M | $44.59M | $55.61M | $50.81M | $1.20M | $29.95M |
High Forecast | $61.80M | $58.97M | $55.28M | $54.06M | $57.35M | $54.98M | $54.92M | $53.05M | $62.92M | $68.86M | $56.62M | $45.52M | $62.32M | $60.43M | $65.98M | $107.00M | $79.77M | $171.59M | $143.59M | $64.96M | $87.51M | $65.41M | $133.97M | $34.67M | $53.08M | $46.95M | $66.73M | $60.97M | $1.44M | $35.94M |
Low Forecast | $58.44M | $55.77M | $52.28M | $51.13M | $54.23M | $52.42M | $51.94M | $50.17M | $60.87M | $65.11M | $53.54M | $43.05M | $58.93M | $57.15M | $65.98M | $71.34M | $73.29M | $114.40M | $95.73M | $43.30M | $80.40M | $43.61M | $89.31M | $23.11M | $48.76M | $43.14M | $44.49M | $40.65M | $959.50K | $23.96M |
Surprise % | - | - | - | - | - | - | - | - | 1.00% | 1.05% | 1.32% | 1.39% | 0.97% | 0.95% | - | 0.76% | 1.24% | 0.46% | 0.69% | 1.27% | 0.88% | 1.14% | 0.43% | 1.53% | 1.10% | 0.91% | 0.79% | 0.56% | 25.84% | 1.20% |
Purple Innovation EPS Forecast
Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 3 | 6 | 4 | 6 | 9 | 10 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 15 |
EPS | - | - | - | - | - | - | - | - | $-0.17 | $-0.34 | $-0.36 | $-0.24 | $-0.77 | $0.03 | - | $-0.20 | $-0.33 | $0.03 | $0.04 | $0.32 | $-0.04 | $-1.97 | $-0.20 | $0.88 | $-0.89 | $-0.11 | $-0.75 | $-0.67 | $-0.20 | $-0.20 |
Avg Forecast | $-0.01 | $-0.06 | $-0.07 | $-0.10 | $-0.05 | $-0.10 | $-0.12 | $-0.16 | $-0.18 | $-0.02 | $-0.12 | $-0.13 | $-0.06 | $-0.07 | $-0.07 | $-0.35 | $-0.27 | $0.15 | $0.13 | $0.12 | $0.11 | $0.24 | $0.11 | $0.04 | $0.04 | $0.02 | $-0.27 | $-0.81 | $-0.41 | $-0.05 |
High Forecast | $-0.01 | $-0.05 | $-0.07 | $-0.09 | $-0.05 | $-0.04 | $-0.12 | $-0.15 | $-0.15 | $-0.02 | $-0.11 | $-0.12 | $-0.06 | $-0.07 | $-0.07 | $-0.33 | $-0.26 | $0.16 | $0.13 | $0.13 | $0.12 | $0.26 | $0.12 | $0.04 | $0.05 | $0.02 | $-0.26 | $-0.78 | $-0.33 | $-0.04 |
Low Forecast | $-0.01 | $-0.06 | $-0.07 | $-0.10 | $-0.06 | $-0.13 | $-0.13 | $-0.17 | $-0.21 | $-0.03 | $-0.12 | $-0.13 | $-0.06 | $-0.07 | $-0.07 | $-0.37 | $-0.29 | $0.14 | $0.12 | $0.12 | $0.11 | $0.23 | $0.10 | $0.04 | $0.04 | $0.02 | $-0.29 | $-0.87 | $-0.50 | $-0.06 |
Surprise % | - | - | - | - | - | - | - | - | 0.95% | 13.87% | 3.04% | 1.89% | 13.19% | -0.44% | - | 0.58% | 1.21% | 0.20% | 0.32% | 2.65% | -0.31% | -8.13% | -1.85% | 23.17% | -20.23% | -5.50% | 2.78% | 0.83% | 0.49% | 4.00% |
Purple Innovation Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
PRPL | Purple Innovation | $1.05 | $2.87 | 173.33% | Hold |
LCUT | Lifetime Brands | $6.65 | $13.50 | 103.01% | - |
LEG | Leggett & Platt | $13.16 | $23.33 | 77.28% | Sell |
MBC | MasterBrand | $17.79 | $20.00 | 12.42% | Buy |
MHK | Mohawk Industries | $156.61 | $161.64 | 3.21% | Hold |
ETD | Ethan Allen Interiors | $32.14 | $33.00 | 2.68% | Hold |
AMWD | American Woodmark | $92.56 | $91.50 | -1.15% | Hold |
TPX | Tempur Sealy | $52.97 | $50.00 | -5.61% | Buy |
SNBR | Sleep Number | $19.59 | $13.00 | -33.64% | Hold |
PRPL Forecast FAQ
Is Purple Innovation a good buy?
No, according to 4 Wall Street analysts, Purple Innovation (PRPL) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 25.00% of PRPL's total ratings.
What is PRPL's price target?
Purple Innovation (PRPL) average price target is $2.87 with a range of $1.1 to $6, implying a 173.33% from its last price of $1.05. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Purple Innovation stock go up soon?
According to Wall Street analysts' prediction for PRPL stock, the company can go up by 173.33% (from the last price of $1.05 to the average price target of $2.87), up by 471.43% based on the highest stock price target, and up by 4.76% based on the lowest stock price target.
Can Purple Innovation stock reach $2?
PRPL's average twelve months analyst stock price target of $2.87 supports the claim that Purple Innovation can reach $2 in the near future.
What is Purple Innovation's current price target trend?
1 Wall Street analyst forecast a $1.1 price target for Purple Innovation (PRPL) this month, up 4.76% from its last price of $1.05. Compared to the last 3 and 12 months, the average price target increased by 38.10% and increased by 51.43%, respectively.
What are Purple Innovation's analysts' financial forecasts?
Purple Innovation's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $507.25M (high $520.18M, low $492.91M), average EBITDA is $18.85M (high $19.33M, low $18.32M), average net income is $-47.188M (high $-39.199M, low $-51.678M), average SG&A $214.83M (high $220.3M, low $208.75M), and average EPS is $-0.438 (high $-0.364, low $-0.479). PRPL's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $529.82M (high $543.38M, low $513.84M), average EBITDA is $19.69M (high $20.19M, low $19.1M), average net income is $-24.717M (high $-23.748M, low $-25.539M), average SG&A $224.38M (high $230.13M, low $217.61M), and average EPS is $-0.229 (high $-0.22, low $-0.237).
Did the PRPL's actual financial results beat the analysts' financial forecasts?
Based on Purple Innovation's last annual report (Dec 2023), the company's revenue was $510.54M, which missed the average analysts forecast of $539.26M by -5.33%. Apple's EBITDA was $-114M, missing the average prediction of $20.04M by -667.40%. The company's net income was $-121M, beating the average estimation of $-48.384M by 149.58%. Apple's SG&A was $266.76M, beating the average forecast of $228.38M by 16.80%. Lastly, the company's EPS was $-1.16, beating the average prediction of $-0.449 by 158.40%. In terms of the last quarterly report (Dec 2023), Purple Innovation's revenue was $145.94M, beating the average analysts' forecast of $145.57M by 0.25%. The company's EBITDA was $-16.196M, missing the average prediction of $5.41M by -399.39%. Purple Innovation's net income was $-18.333M, missing the average estimation of $-19.288M by -4.95%. The company's SG&A was $61.76M, beating the average forecast of $61.65M by 0.19%. Lastly, the company's EPS was $-0.17, missing the average prediction of $-0.179 by -5.01%